Welcome back to another monthly RBA update and yet another cash rate hike. (No surprises here folks!). Tune in now to find out whether we’ve crept up another 25 basis points bringing the rate to 3.60%, or if the Reserve Bank of Australia has decided to jawbone consumers this month to curb spending.
Overarching all this is the goliath question…
If the economy is slowing (tick), unemployment is rising (tick), and wages are contained (tick), then why haven’t we seen interest rates pause!?!
Listen now to hear Ben dive into this question and unpack Australia’s data from the last month reflecting disconnected sentiment, disinflation and a domestic market still finding its footing.
Plus, Ben covers the biggest news from around the world including the US’ positive economic data (that’s not actually what the Fed wants), the 64-million-dollar question in Europe and much more!
Here are Ben’s key themes for this month’s economic update:
- Another month, another RBA cash rate hike (more on that soon)
- “Are we entering a period of ‘stubborn’ higher inflation, or is it a case of lagging data playing catch up?”
- There’s no evidence of any wage-price spiral issues (well not yet anyway, and hopefully it stays that way)
Quick tip! If you’re keen to forecast your cashflows through this period, use the handy MoneySTRETCH feature on our free money management platform, Moorr. Click here to sign up or log in.
Plus, Ben also includes his latest news and commentary on…
👉 The US’ data shows a story of resilience – but the Fed isn’t happy.
👉 The key to China’s economic rebound
👉 Europe raises interest rates to its highest levels since the GFC
👉 The RBA is taming our inflation beast with a blunt sword
👉 Is CDP data indicating disinflation? (Yes, this is still the buzzword for 2023)
👉 Australia’s economy is reaching a turning point, here’s why.
👉 Are we so depressed that we need a concert or a show to make us happy? The disconnect between consumer spending and sentiment
👉 “It gets worse before it gets better”: Housing Supply Levels
👉 Is now the time to invest? and Ben’s predictions for when investors will return to the table
👉 CoreLogic’s Home Value Index – 1 March 2023, and lots more!
And One Final Word…
If you’re worried about your finances or if you have no clarity on your cash flow position, we strongly recommend you to organise your finances now. It’s more important than ever to have a clear view, down to the exact cent, on how much you’re spending each month and how much surplus you’ve got. If you don’t know it, then log into Moorr, your Money SMARTS Platform here, and update the numbers.
Don’t have an account yet? Create your free access below and we’ll also send you an e-copy of the instruction manual which is also our best-seller book, Make Money Simple Again. Just fill in the form below and we’ll email it to you right away.
DISCLAIMER: This podcast is general information only and is an opinion comment by Ben Kingsley. The information contained in this video is for Australian residents only. The information does not take into account the particular investment objectives or financial situation of any potential viewer. It does not constitute, and should not be relied on as, financial or investment advice or recommendations (expressed or implied) and it should not be used as an invitation to take up any investments or investment services. No investment decision or activity should be undertaken on the basis of this information without first seeking qualified and professional advice.
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